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Northgate Minerals Corporation Announces Friendly Proposal to Acquire Perseverance Corporation Limited to Create Leading Mid-tier Gold Producer: US$257 Million Transaction Adds Approximately 200,000 Ounces of Annual Production through Two Australian Mines with Significant Exploration Upside Notice: Conference Call and Webcast on Monday, October 29 at 10:00 am ET Dial in: +1 416-644-3416 or 1-800-733-7571 VANCOUVER, British Columbia -- Northgate Minerals Corporation (AMEX: NXG) (TSX: NGX) ("Northgate")...; Tags: Company, Northgate Minerals Corp., Perseverance Corp. Ltd., TRANSACTION HIGHLIGHTS Northgate; Research articles 2007-10-28

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